London-based startup Vertice comes out of stealth with series A funding
London-based SaaS purchasing platform Vertice ‘has come out of stealth’ and announced on Thursday that it has secured $26M (approximately €24.7M) in a Series A round of funding led by 83North and Bessemer Venture Partners.
By Silicon Canals
May 18, 2022
undefined min read
Cloud costs increase amid SaaS pricing hikes
Vertice, which provides a cloud and SaaS cost optimization platform, pegged the 2023 SaaS inflation rate at 8.7%. The company's annual SaaS Inflation Index, published this week, noted that nearly three-quarters of software vendors raised prices over the past 12 months.
Vertice wins big in TechRound’s SaaS66 Awards
Vertice is proud to feature in TechRound's shortlist of the UK and Europe's most innovative SaaS companies and initiatives.
Vertice recognized as procurement champion in the ProcureTech100
Vertice has been named one of the definitive 100 pioneering digital procurement solutions in the ProcureTech100.
‘Stubbornly high’ SaaS prices outpace CPI inflation
Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice.